xpl代币经济学 XPL is the native token of the Plasma stablecoin public chain, with a total supply of 10 billion and no fixed cap. It adopts a decreasing inflation model, serving functions such as Gas payment, staking, and governance. In terms of token distribution, the ecosystem accounts for 40%, the team and investors each hold 25%, and public offerings account for 10%. The team and investors' tokens are locked for 1 year, with a linear release over the next 2 years, posing a risk of significant unlocking pressure in July 2026.
The inflation rate in the first year is 5%, decreasing by 0.5% each year until it reaches 3%. At the same time, an EIP-1559-style burn mechanism is employed to offset inflation. Its value relies on the destruction of Gas from stablecoin transactions, staking and locking, and ecological expansion. The core risks include dilution from unlimited inflation and concentrated unlocking impacts, while long-term value depends on the development of the stablecoin ecosystem and the effectiveness of mechanisms implemented.